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MetaservCc

GOLD may see sub 1400 levels

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
MetaservCc  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Technical Indicators Gold Double Top
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trendanalysis chartpattern indicator gold doubletop
Gold broke it's major support at 1700 giving us a confirmed double top formation on weekly timeframe. With the breakdown, we may see gold trading at sub 1400 levels.
There is a weak bullish RSI divergence to watch out for. Price retracing back above 1700 will invalidate the double top formation.
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